Last week, the overwhelming consensus voted for the US dollar and that was a good option as it was the second-best performer after the loonie. Your reasons are welcome in the comments.
Five million illegal immigrants in the United States may be temporarily shielded from immigration under the executive action announced by Obama on Friday. What will it mean for wage inflation? “Business owners who offer their wages good wages benefits see … Continue reading
Some people like headlines but others like to hear the exact words. One day I’m going build a website that just has the exact quotes in central bankers own words. “We will do what we must to raise inflation and … Continue reading
Forex news for November 21, 2014: Canadian Oct CPI 2.4% y/y vs 2.1% y/y expected Canadian inflation driven by shelter, taxes Kansas City Fed manufacturing index 7 vs 6 exp November 2014 US KC Fed manufacturing index 7 vs 6 … Continue reading
On Friday, EUR/JPY fell the most in a year. At the end of the day on Thursday, I pointed out (and here) the potential star pattern on the daily chart and that proved to be the warning sign. With a … Continue reading
Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday Nov 18, 2014: EUR net short 169K vs short 164K prior JPY net short 92K vs 83K short prior GBP net short 23K vs short 13K prior … Continue reading
The Canadian dollar was the top performer this week while the languishing yen did its usual thing. The gains are still riding the coattails of incredible Canadian jobs report early in the month. That was followed by better manufacturing numbers … Continue reading
There’s not much trading left this week and markets are more-or-less quiet. The dollar remains near the best levels of US trading against the euro, pound and yen. Versus the commodity currencies, it’s at the best levels since the Chinese … Continue reading
Are the bond bears dead? I’m just reading through Barclays’ investment themes for 2015 and #1 is “2015 is unlikely to see a repeat of the outperformance of fixed income witnessed in 2014; investors should maintain a balanced portfolio” At … Continue reading
Citi says the Federal Reserve won’t hike rates until December pushing forecast back from September That’s a bold call from Citi because everyone is clamoring for Fed rate hikes at the moment but you have to ask, why? There is … Continue reading
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